Financial Assurance

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As the New Year Unfolds Your Home Insurance Coverage Could Be at Risk

Filed Under: Personal Insurance

As a homeowner you should be as prepared as possible for all eventualities. But this is not a “set it and forget it” situation under any circumstances. You need to be constantly reassessing the various threats that could significantly affect your lifestyle and at the very least you should be making a date with your calendar to check everything on January 1.

While it is a good idea to get into a habit of doing this, it’s not a good idea to simply ask yourself the same repetitive questions that focus on the same home insurance subjects or topics each time. Much can happen in the preceding 12 months. Home repairs or extensions may have made a material difference to the value of your home, so you need to ensure that you are adequately protected. You also need to keep up to date with the value that you are ensuring. Realize that over a 12 month period the cost of repairs and building materials alone can make a sizable difference, should you need to make any claim.

How about those endorsements? The weather across the country has been a particular talking point in recent times. Where do you stand when it comes to flood insurance for example, or coverage in the event of the sewer backup? The latter can be taken care of as an endorsement to your home insurance policy, while flooding is something that is subject to a separate government backed program. We should talk about helping you to secure coverage here.

While making sure that all your values are set correctly and that coverage exists for all eventualities it’s also fun to discover opportunities for savings or other discounts associated with your insurance across the board. From time to time carriers introduce discounts into the marketplace. For example, could you be eligible for a discount based on your home security system? In terms of your auto insurance coverage it could be that you have “earned” a good driver discount based on the preceding 12 months.

What are some of the most exciting discounts and savings opportunities that you have discovered in the past, when conducting a review of your coverage? Tell some of our readers about your stories and learn from others at the same time.

“Some insurance agencies take the — once a year annual review approach — and then there are those that wish to sell you the product of the month. We are pleased that Mark and his team offer neither. We are delighted that we have found such trusted advisors in the insurance industry.”

Jimmy and Misty Strickland, owners
Strickland Enterprises, LLC - Hose Specialty and Supply

“For over a decade Financial Assurance, LLC has handled our business and personal insurance. Their capable staff is efficient and provide us dependable, quality service. It is a pleasure doing business with people so dedicated and conscientious.”

Norman T. Joseph, president
Ideal Appliance Parts, Inc.

“About 40 years ago we were searching for an insurance agent that could meet all of our insurance needs. We needed more than just business, home, auto, flood, property and boat insurance. We needed an advisor. We found what we were looking for, when an associate introduced us to the Fruchtnicht family.”

Gaynell Crespo, General Manager
Precise Printing Corp., Kenner, LA

“My company has been doing business with Financial Assurance for over 25 years. Mark and his staff have been exceptional in adapting to our needs as our company has grown over the years. They service our account throughout the year, not just at renewal time.”

George Messina
Messina’s Catering, Kenner, LA

“Mark and his team stay on top of our account and give us outstanding service, not only when there is a problem, but also when there are smooth seas. I would recommend Financial Assurance strongly to anyone. It’s not easy to be impressed with any company for over 30 years.”

Rodney Rice Jr., President
Fitness Expo, Metairie, LA

“In 1997, when I purchased the family business; my father gave me some advice: The three most important people in your business life are your lawyer, your banker, and your insurance agent. Mark Fruchtnicht and Financial Assurance have been by my side since day 1. Thanks for the advice, Dad!”

Timothy Fitzpatrick, owner
Christmas Depot/Floral Enterprises, Kenner, LA